Trust Co of the South Has $27.19 Million Stake in Apple Inc. $AAPL

Trust Co of the South lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,977 shares of the iPhone maker’s stock after selling 2,181 shares during the quarter. Apple makes up approximately 3.8% of Trust Co of the South’s portfolio, making the stock its 8th largest holding. Trust Co of the South’s holdings in Apple were worth $27,193,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AAPL. BSN CAPITAL PARTNERS Ltd grew its stake in Apple by 204.8% in the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 1,601,700 shares of the iPhone maker’s stock valued at $402,675,000 after buying an additional 1,076,198 shares in the last quarter. VectorGlobal IAG Inc. purchased a new stake in shares of Apple in the 1st quarter valued at about $7,686,000. WealthPoint Financial LLC raised its stake in Apple by 5.1% in the first quarter. WealthPoint Financial LLC now owns 6,435 shares of the iPhone maker’s stock valued at $1,633,000 after purchasing an additional 315 shares in the last quarter. Hamilton Wealth LLC increased its holdings in shares of Apple by 1.2% in the 1st quarter. Hamilton Wealth LLC now owns 121,478 shares of the iPhone maker’s stock worth $30,830,000 after buying an additional 1,391 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC raised its position in shares of Apple by 1.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 58,912 shares of the iPhone maker’s stock valued at $14,951,000 after buying an additional 664 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of Apple stock opened at $305.59 on Tuesday. The company’s fifty day simple moving average is $309.06 and its two-hundred day simple moving average is $285.73. Apple Inc. has a 12-month low of $223.78 and a 12-month high of $344.57. The firm has a market cap of $4.46 trillion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 earnings per share. As a group, equities analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio is presently 12.39%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Rothschild & Co. Redburn upgraded Apple to Buy from Neutral and raised its price target to $400 from $260. The firm cited potential growth from a premium foldable iPhone and a strategic reset of Apple Intelligence, while suggesting Apple could use Nvidia’s open-source AI models to improve its position. Apple Stock Got an Upgrade. It Could Be the AI Gatekeeper.
• Positive Sentiment: Antitrust relief removes a legal overhang. Apple reportedly won significant relief in an antitrust battle, potentially reducing regulatory risk around its App Store and business practices. Apple Wins Major Relief in Antitrust Battle
• Positive Sentiment: Pre-iPhone event demand appears supportive. A KeyBanc survey indicated improving consumer spending ahead of Apple’s expected September product launch, providing a potential near-term catalyst for iPhone sales. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
• Neutral Sentiment: Apple is changing European app-tracking consent rules following a German competition investigation. The changes may benefit Meta and advertisers, but could reduce some of Apple’s control over data-related monetization. Apple to change app data consent rules, German regulator says
• Negative Sentiment: Memory-chip sourcing is a growing risk. The Trump administration urged Apple not to buy Chinese memory chips because of national-security concerns. Complying could raise component costs, while defying the request could create political or supply-chain complications. Apple May Buy Chinese Memory Chips Despite US Request
• Negative Sentiment: Valuation and execution concerns remain. At roughly $306 and about 35 times earnings, bearish commentary argues that much of Apple’s quality is already reflected in the price and that AI progress may not justify a higher multiple. Apple’s Red Flags Are Real and Signal Trouble
• Negative Sentiment: Security and App Store-management reports add reputational risk. Investigators reported an unusually large number of spyware alerts affecting Apple users, while DefiLlama said fake apps delayed its launch. Apple has also patched a critical macOS flaw exploited for cryptocurrency mining. Unprecedented number of Apple users received recent spyware alert

Analysts Set New Price Targets

Several brokerages have issued reports on AAPL. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research note on Friday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. DZ Bank cut Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective on the stock. in a research note on Tuesday, August 4th. Finally, Seaport Research Partners lowered Apple from a “buy” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $330.53.

Insider Activity at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the completion of the sale, the senior vice president owned 40,107 shares in the company, valued at approximately $12,342,929.25. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company’s stock.

About Apple

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.